Calculate My Take-Home Pay

Our online calculator will give you an indication of what your take-home pay could be after we've made the necessary deductions.

Payment cycle*

Contractor Calculator - The Small Print

These calculations are based on the following assumptions…

  • Work 52 weeks per full tax year (4.3 weeks per month)
  • 20/21 tax and NIC rates
  • Tax code 1250L
  • 3% Employers’ Pension contribution capped at £25.26 weekly, £109.41 monthly, and 5% Employees’ Pension capped at £42.10 weekly, £182.35 monthly
  • You don’t have earnings from other sources this tax year

Working through our Employment Umbrella subject to SDC…

  • Subject to Supervision, Direction or Control on our SDC service
  • No expenses
  • Standard margin of £22 per week/£66 per month for those paid at a rate of £12 per hour or more. OR, a margin of £16 per week/£48 per month for those paid under £12 per hour.

Working through our Employment Umbrella not subject to SDC…

  • No Supervision, Direction or Control
  • Travel expenses £100 per week
  • Standard margin of £27 per week/£81 per month

Working through your own limited company…

  • Registered for the Flat Rate VAT Scheme. Rate used 15.5% (Limited Cost Trader) including the first year discount.
  • Director annual salary of £8,632 (unless IR35 applies to an assignment).
  • Accountancy fees based on Plan 2
  • Only one director/shareholder in company
  • Personal tax calculated on the assumption that all available profit is extracted and income is consistent throughout the year.
  • Use of home at £4 per week £18 per month
  • Travel expenses £100 per week